Saturday, November 5, 2011

2012 Medicare Premiums and Deductibles

2012 Medicare Premiums and Deductibles

Question:  What are my Medicare premiums and deductibles for 2012?

Answer:  Centers for Medicare and Medicaid Services (CMS) released the 2012 Medicare premiums and deductibles the end of October, 2011. These figures were not listed in the initial publication of CMS “Medicare and You 2012. Following is a summary of 2012 Medicare premiums and deductibles:

                                          2012                     2011

Part A Deductible        $1156/Event               $1132/Event

Hospital Days
61-90                    $289/Day                   $283/Day

Hospital Days         
91 & After            $578/Day                    $566/Day

Skilled Nursing
          Facility            $144.50/Day               $141.50/Day

Part B Deductible      $140/Year                    $162/Year

If you have a Medicare Supplement, the Supplement will automatically adjust coverage to reflect the 2012 amounts.

                                    2012                           2011 

Part B Premium       $99.90/month            $115.40/month

Most people who became eligible for Medicare in 2009 or before have been paying $96.40 per month for their Medicare Part B premium 2009 - 2011. Most that became eligible for Medicare in 2010 paid $110.50 per month in 2010 and 2011. Those who became eligible this year(2011)have paid $115.40 per month . All of these people will pay $99.90 per month in 2012, an increase for some, a decrease for others.

People with incomes above $85,000/year may pay a higher premium for their Medicare Part B as well as their Medicare Part D Prescription Drug Plan coverage. 

Most people pay no premium for Medicare Part A based on their or their spouse’s work credits. For those who must pay a premium for Part A, there has been an increase for the 2012 Part A premium as well.

For complete information about 2012 premiums and deductibles as well as premiums for those with higher incomes or those who must pay a Part A premium, follow this link:

For answers to your Medicare Questions or to request a quote on a Texas Medicare Supplement or Part D Drug Plan visit .
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